The owner of Chili’s Grill & Bar and Maggiano’s Little Italy casual-dining chains posted fiscal first-quarter earnings of $113.3 million, or $2.64 a share, up from $99.5 million, or $2.17 a share, a year earlier.
The earnings beat Wall Street expectations, driven primarily by strong performance at the Chili’s brand which has been a key profit driver for the company.
Brinker International, the parent company, raised its full-year forecast following this robust quarterly performance, signaling confidence in continued growth through the remainder of the fiscal year.
The results underscore the enduring appeal of the Chili’s brand in the casual-dining segment, contributing significantly to the company’s bottom-line improvement.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing